
Exploring Economics
8th Edition
ISBN: 9781544336329
Author: Robert L. Sexton
Publisher: SAGE Publications, Inc
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Transcribed Image Text:O See Hint
Suppose seven individuals enjoy going to the comedy club. Their demand is as follows.
Person
Willingness to pay
Allison
Beatrice
Cally
David
Ezekiel
Francesca
Gertrude
20
18
16
14
12
10
8
If the comedy club had a monopoly and a marginal cost of $7 per entrant, the comedy club would sell
charge only one price.
tickets if it could
15/17>
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